If Ending Merchandise Inventory Is $22,000, Purchases Are $85,000, Purchases

question 48

Multiple Choice

If Ending Merchandise Inventory is $22,000, Purchases are $85,000, Purchases Discounts are $1,800, Freight In is $3,500, and Beginning Merchandise Inventory is $28,000, then Cost of Goods Sold is

• A) $80,700.
• B) $90,300.
• C) $79,700.
• D) $92,700.
• E) $107,000.